Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.24.1.1.u2
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

The following summarizes activity related to the Company's stock options (in thousands, except per share data):

 

 

Number of Shares

 

 

Weighted Average
Exercise Price

 

 

Weighted Average
Remaining Contract
Term (in years)

 

 

Aggregate Intrinsic Value

 

Outstanding - December 31, 2023

 

 

24,435

 

 

$

0.32

 

 

 

4.4

 

 

$

6

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Cancelled

 

 

(11,687

)

 

 

0.42

 

 

 

—

 

 

 

—

 

Outstanding - March 31, 2024

 

 

12,748

 

 

 

0.24

 

 

 

7.9

 

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - March 31, 2024

 

 

7,059

 

 

 

0.39

 

 

 

7.1

 

 

 

3

 

Vested or expected to vest - March 31, 2024

 

 

12,748

 

 

$

0.24

 

 

 

7.9

 

 

$

6

 
Summary of Weighted-Average Assumptions Used to Estimate Fair Value

The following table presents the weighted average grant date fair value of stock options granted and the weighted-average assumptions used to estimate the fair value on the date of grant using the Black-Scholes valuation model:

 

 

Three months ended March 31,

 

 

2024

 

2023

 

Volatility

 

*

 

 

132.0

%

Risk-Free Interest Rate

 

*

 

 

3.8

%

Expected Term (in years)

 

*

 

 

5.77

 

Dividend Rate

 

*

 

 

—

%

Weighted Average Fair Value Per Share on Grant Date

 

*

 

$

0.04

 

 

* There were no grants during the three months ended March 31, 2024.